Flagstaff, Arizona Property Taxes
The median property tax rate in Flagstaff, AZ is 0.53%, notably lower than both the national median of 0.99% and the Arizona state median of 0.56%. With a median home value of $395,258, the typical annual property tax bill in Flagstaff amounts to $2,008, which is below the national median of $2,690. Property taxes in Flagstaff are based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Flagstaff's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you reside in the heart of Flagstaff or another part of the city, gaining a thorough understanding of the local property tax system will be beneficial.
Last Updated June 14, 2024
Flagstaff, Arizona Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$1,120
Ownwell’s Flagstaff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Flagstaff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Flagstaff to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Flagstaff, Arizona
Property taxes in Flagstaff, Arizona, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Flagstaff is 0.53%, which is lower than the U.S. national median of 0.99%. Local government entities within Flagstaff set these rates annually, and they can vary significantly across different neighborhoods. Each year, Flagstaff estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Flagstaff's effective property tax rate to other areas in Coconino County and the national median. For comparison, the 86005 zip code has the highest median property tax rate of 0.58%, while the 86001 zip code has the lowest median tax rate of 0.51%. Understanding how these areas compare with Flagstaff provides valuable insights into the varying tax landscape across Coconino County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Flagstaff Tax Rate
0.53%
Average Coconino County Tax Rate
0.54%
Average Arizona Tax Rate
0.56%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flagstaff, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86001 | 0.41% | 0.44% | 0.51% | 0.59% | 0.66% |
| 86004 | 0.41% | 0.46% | 0.52% | 0.61% | 0.69% |
| 86005 | 0.44% | 0.49% | 0.58% | 0.68% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Flagstaff, Arizona
In Flagstaff, Arizona, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Coconino County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Flagstaff, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the highest median tax bill is $2,346 in the 86005 zip code, while the lowest is $1,802 in the 86004 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Flagstaff Assessed Value
$395,258
Average Coconino County Assessed Value
$335,366
Average Arizona Assessed Value
$302,154
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Flagstaff, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86001 | $132,787 | $260,971 | $424,251 | $547,588 | $777,306 |
| 86004 | $75,289 | $238,750 | $357,038 | $476,490 | $619,393 |
| 86005 | $106,120 | $290,266 | $444,360 | $611,878 | $1,024,881 |
Source: Ownwell
Property Tax Bills Across Flagstaff, Arizona
In FLAGSTAFF, property tax bills are calculated based on the assessed value of a home and the tax rate set by local authorities in Coconino County. The assessed value is a percentage of the property's market value, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including recent property sales, improvements, and overall market conditions. Homeowners in Flagstaff experience varying tax bills, with the 25th percentile paying around $1,346 and the 75th percentile paying approximately $2,778 annually. The 90th percentile sees tax bills as high as $4,136. The highest median tax bill in Flagstaff is found in the 86005 zip code, at $2,346, while the lowest median tax bill is in the 86004 zip code, at $1,802. Compared to the national median property tax rate of 0.99%, Flagstaff's property tax rates can significantly impact homeowners, making it crucial to understand how these taxes are calculated and managed.
Average Flagstaff Tax Bill
$2,008
Average Coconino County Tax Bill
$1,766
Average Arizona Tax Bill
$1,666
Average United States Tax Bill
$2,690
Property Tax Bills Across Flagstaff, Arizona
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 86001 | $956 | $1,407 | $2,045 | $2,765 | $4,225 |
| 86004 | $651 | $1,241 | $1,802 | $2,489 | $3,380 |
| 86005 | $802 | $1,661 | $2,346 | $3,396 | $6,304 |
Source: Ownwell